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Michelle Obama Got 2006 ‘Signing Bonus’

First, what the President Select told Barbara Walters, via the Associated Press:

Obama: bank execs shouldn’t get bonuses this year


CHICAGO (AP) — President-elect Barack Obama thinks bank executives should forgo their bonuses this year to show they are taking responsibility amid difficult economic times.

In an interview with Barbara Walters to air Wednesday, Obama also said he’s trying to keep his BlackBerry or find another way to “break through the isolation and the bubble that exists around the president.” …

According to excerpts of the interview released by ABC, Obama said bank executives should make sacrifices because so many other people are struggling as the nation’s economy slips further. Some financial firms, including Goldman Sachs, the Swiss bank UBS and the British bank Barclays, have said they aren’t handing out annual bonuses to top executives, and Obama encouraged more to follow.

“I think that if you are already worth tens of millions of dollars, and you are having to lay off workers,” Obama said, “the least you can do is say, ‘I’m willing to make some sacrifice as well, because I recognize that there are people who are a lot less well off, who are going through some pretty tough times.'” …

But lest we forget, we informed by Lynn Sweet of the Chicago Sun-Times that even Michelle Obama is not immune to bonuses:

Barack and Michelle Obama earned $991,296 in 2006

By Lynn Sweet
on April 16, 2007

WASHINGTON — White House hopeful Sen. Barack Obama and his wife, Michelle, reported $991,296 in income in 2006, boosted by a $506,618 payout in advances and royalties for his books, according to returns released by his campaign Monday.

The Obamas have four main sources of income:

• • Obama’s Senate salary of $157,082.

• • Book income of $506,618. Obama’s second book, “The Audacity of Hope” was released last fall and soared to the best seller lists.

• • Michelle Obama’s income of $273,618 from the University of Chicago Hospitals. She will get paid less in 2007 because she cut back on her job because of the campaign. She made more in 2005 because of a signing bonus from the U. of C. given when she was promoted to vice president of community and external affairs in January 2005, just as Obama was sworn in as senator.

Tax returns from last year showed her total compensation in 2005 went from $122,000 to $317,000, though the higher figure includes a one-time pension payout and the bonus.

• • Michelle Obama’s income of $51,200 from TreeHouse Foods, where she has been on the board of directors since June 2005.

For 2005, the couple reported a taxable income of $1.6 million. The higher figure was due to more money Obama received from book royalties and advances on a multiyear book deal as well as the higher amount Michelle Obama collected from the U. of C.

Interest income on the most recent return totaled $4,590 with $1,188 from dividends…

And who knows what other “bonuses” Mrs. Obama has gotten over the years. Has she ever given any of them back?

Where are the Obamas’ sacrifices?

This article was posted by Steve on Wednesday, November 26th, 2008. Comments are currently closed.

13 Responses to “Michelle Obama Got 2006 ‘Signing Bonus’”

  1. proreason says:

    “Where are the Obamas’ sacrifices?”

    oh contraire, sg.

    as you know and have published, the obamy’s existance has been so hardscrabble until very recently that they were not able to scrape out more than a percent or two per year to give to charity (even to the beloved church that they attended faithfully except when things were said that obamy later would disagree with), what with student loans, private schools, the cost of arugula, buying mansions below market, gym fees, and such.

    Those advances of $160,000 for obamy’s self-indulgent ghost-written autobiographies, obamys 10 months of legal “work”, the CEOship of Annenburg, Michelle’s 250% raise the year obamy was selected to the US senate and was able to acquire a mill in earmarks for her employer, and obamy’s $161,000 Senate salary call for a TAX REBATE, not further sacrifice.

  2. Colonel1961 says:

    You forgot piano lessons – those things are outrageous!

  3. TickTock says:

    Obama is stirring up class warfare. I believe we’ll see a lot of this in the future as Obama and his minions attempt over-throw capitalism in their vision of a socialist America.

    Podesta, Emmanuel, Clinton, and Soros are all aboard the Obama Train. I’d like to see all of their income taxes, especially what they give to charity. As history shows, liberals are only free with other people’s money.

    Change will be accomplished when we’re all poor. If poverty is good enough for Obama’s Aunt and Brother, then it’s good enough for the rest of us, right?

  4. VMAN says:

    Now you all know with libs it’s do as I say not as I do.

  5. U NO HOO says:

    ““break through the isolation and the bubble that exists around the president.””

    You WANTED the job, Bozo!

  6. JohnMG says:

    Why didn’t this dumbass sound this stupid on the campaign trail. He’d be out of his depth in a parking lot puddle, and now he’s gonna’ be POTUS!

  7. U NO HOO says:

    After two years of Obama, Clinton, and McCain I feel like I’m being permanently crap-boarded.

  8. Anonymoose says:

    Must be nice to get enormous bonuses and raises–but are these based on performance or just who they know and being important?

    I’d like to see Obama disclose his student loans—I’ve been struggling to pay on those for years, and somehow I don’t think he had that much trouble paying his off, assuming he even had any in the first place.

  9. pinandpuller says:

    A lot of bullocks got sacrificed in Kenya recently-is that considered outsourcing?

  10. curvyred says:

    We will all eat rock soup, while the burgious have filet mignon.

  11. Liberals Demise says:

    The sacrifices these two have made pale in comparison to the ones that will be made by the lot of us in the very near future! The female silverback Obama …reminds me of the HildaBeast; “The mouth that roared”.

  12. 1republicanscientist says:

    she will crush you

  13. DEZ says:

    “I will grind their bones to make my bread”
    Michelle Obama 2008.

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